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APEE Logo - An invisible hand supporting a globe. Click for Home Page The Accosication of Private Enterprise Education
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Herman W. Lay Memorial Award

The Herman W. Lay Memorial Award does more than recognize one of the founders of our organization. Herman Lay was an outstanding example of the entrepreneurial spirit. He trod a path that led from a single snack food truck to becoming the Chairman of the Board of one of the world's largest firms, PepsiCo, Inc. Herman was as generous as he was successful. His philanthropy extended to many causes, including the establishment of private enterprise and entrepreneurship programs. It was a generous gift of his that made the formation of APEE possible. Each year, APEE searches for individuals who, in their business and public lives, have emulated the pattern of success and philanthropy that Herman Lay lived. Recipients of the Herman W. Lay Memorial Award are selected because they are representative of the best that the free enterprise system produces. By calling attention to their lives and to their actions, APEE hopes to stimulate other individuals to be equally supportive of free enterprise and entrepreneurship.


Ken (left) & Randy Kendrick (middle) accept the Herman W. Lay Memorial
Award from 2014 APEE President Peter Boettke.

Past Recipients

  • 2014 Randy & Ken Kendrick (picture)
  • 2013 Jerry Fullinwider (picture)
  • 2012 Robert A. Levy (picture)
  • 2011 Harry Boyd Earhart (accepted by David B. Kennedy) (picture)
  • 2009 Jeff Davis Sandefer (picture)
  • 2008 John Allison (picture)
  • 2007 Art Pope (picture)
  • 2006 Peter Thiel (picture)
  • 2005 Charles Koch (picture)
  • 2004 Sir John Templeton
  • 2003 William A. Dunn
  • 2002 Owen and Erma Smith
  • 2001 Lovett C. Peters
  • 2000 Howard S. Rich
  • 1999 Paul Broyhill
  • 1998 Leo Linbeck, Jr.
  • 1997 Robert McNair
  • 1996 Norman McClelland
  • 1995 Robert Pamplin
  • 1994 Albert B. Alkek
  • 1993 John R. Bergstrom
  • 1992 The Honorable Shelby Cullum Davis
  • 1991 Jennings A Jones & Scott L. Probasco, Jr.
  • 1990 Robert H. Dedman
  • 1989 Gus A. Stavros
  • 1988 Michael I. Monus
  • 1987 Samuel M. Walton
  • 1986 Robert V. West, Jr.
  • 1985 Tom E. Hendrix
  • 1984 Bernard B. and Eugenia A. Ramsey